Interested in Jacksonville Fl for rental properties

[Solomon Stavis]

Hello BB!

I'm an OOS investor from Washington DC and actively looking at Jacksonville, FL for my first rental property. Since I'm OOS and this is my first rental, I'm not looking to complicate things too much, so not looking at BRRRS or flips for the time being but instead turnkey SFHs that are mostly ready to rent as is. I understand the home may likely need some improvements, but I would prefer to keep them under 5K. My goal is to keep my first buy under 100K and would love to get your thoughts on neighborhoods I should be looking at as well as avoiding.

Also, if anyone interested in connecting, sharing information, and providing resources, please reach out! Always happy to chat and discuss strategies!

Thank you!

[Nikia Johnson]

Hi @Solomon Stavis I live and invest in Jax. There are pockets in town that will allow you to purchase in a decent area (32205 & 32210 for example) for 100K and rent for around 900-1K to be honest you may want to just reach out to a realtor who does Property management if you opt to do that since you are technically looking for something turnkey. You won't have much or any equity keep in mind unless you are bringing all cash you will still have to bring 20-25% to the table if you are getting a loan so it will take you some time to break even on your investment even with appreciation.